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502 Ontario St
For Sale $1,500,000
$1,500,000
- 8 Units
- Unknown Sq Ft
- 17,860 Sq Ft
- Unknown Cap Rate
Description
Investment Opportunity with immediate income and could be turn key depending on your needs. 2 buildings and a large lot give this property a few possibilities. Very little to do in the 6 unit building with most units having recent updates and are below market value on month to month leases. The 2 unit building is currently owner occupied and has been slightly modified for easy access between the units but could be returned to its original state, substantially raising income. The 6 unit building has 3-2bed/1bath and 3-1bed/1bath units. The 2 unit building has many updates on the first floor and is currently a 3 bed/2bath but returning to its original state will give you a 2bed/1bath and 1bed/1bath. With 8 rentable units at market value, NOI at full occupancy could be in excess of $100k giving you a projected 7% CAP rate. The large lot has plenty of parking and open space for tenant activities. Convenient location for tenants to St Lukes, Steel Stacks, public transportation, eateries and major travel routes. This property will give that portfolio the boost you have been looking for!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,500,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | P6SW2C1810204 |
| MLS # | PANH2010116 |
| Property ID | 322939147 |
| Lot Sqft | 17,860 |
| Zoning | RM |
| Total Units | 8 |
| Days on Market | 28 |
| Original List Price | Unknown |
| Date Updated | June 16, 2026 |
| Date Created | June 12, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $69,000 | $0 |
| Operating Expenses | $ 17,570 |
| Net Income (Yr) | $ 17,570 |
Listing Provided By
Robert Hoops an agent of . Lic #RS344979
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Data last updated: July 10, 2026.
Robert Crawford
REAL ESTATE AGENT